Citigroup Stock News

After a few bumpy years of both successes and setbacks, lenders might finally be firing on all cylinders.

Citigroup looks ready for a comeback after a series of restructuring actions taken by CEO Jane Fraser that have focused the bank on five divisions while exiting consumer markets in 14 countries.

Five groups representing banks and businesses sued the Federal Reserve on Tuesday (Dec. 24), saying its current stress testing framework is “opaque” and violates the law. The complaint was filed by the American Bankers Association (ABA), the Bank Policy Institute, the U.S.

Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve's bank stress tests imposed after the 2008 global financial crisis, but the Fed has already proposed some changes to the annual process.

A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.

Warren Buffett appears to be on track to beat the S&P 500 again in 2024, but not by much. Berkshire Hathaway's shares are up year-to-date only around 3% more than the S&P.

KBW praises Citi's value, Goldman's revenue upside and Bank of America's expected net interest income growth.

If any investor has stood the test of time, it is Warren Buffett, and with good reason.